VESTIS GROUP BROKERS WEST HILL APARTMENTS SALE IN AVONDALE, AZ

Vestis Group completed the sale of West Hill Apartments, a 14-unit, apartment community located at 115 West Hill Drive, in Avondale, Arizona, for $935,000 or $66,786 per unit.

(Phoenix – February 27, 2018) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of West Hill Apartments, a 14-unit, single-story, apartment community located at 115 West Hill Drive, in Avondale, Arizona, for $935,000 or $66,786 per unit.

“We received multiple offers on this West Valley apartment community,” says Natan Jacobs, Principal at Vestis Group and the lead broker for this transaction, “The sellers executed a value-add strategy of select interior renovations with great success and the Buyer plans to continue upon the same path by adding exterior renovations and new amenities to the mix.”

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell negotiated the transaction on behalf of the seller, a private investor from Phoenix, Arizona. The buyer, a private investor from Goodyear, Arizona, was represented by Dallan Randall of Commercial Properties, Inc., in Tempe, Arizona.

West Hill Apartments is a 14-unit garden-style apartment home community located in the Historic Avondale Art’s District in Avondale, Arizona. Built in 1980, and refreshed in 2017, West Hill Apartments is a rare single-story multifamily community located in Downtown Avondale near shopping, culture, restaurants and transportation, featuring eight (8) two-bedroom and one-bathroom apartment homes of approximately 820 square feet and six (6) three-bedroom and one-bathroom apartment homes of approximately 962 square feet. Each of the 14 apartment homes includes a private rear patio. West Hill Apartments is located near shopping, dining and entertainment in the Historic Avondale Art’s District and just minutes from all major West Valley transportation corridors of I-10, Loop 101 and the newly opened Loop 303.

West Hill Apartments enjoys a downtown Avondale location, inside the Historic Avondale Art’s District, within close proximity to cultural venues, restaurants, art galleries and city parks. The property is situated south of Van Buren Street and north of Western Avenue, east of Litchfield Road and west of Central Avenue, along Hill Drive, approximately 4.5 miles from the Interstate 10 (Papago Freeway), which connects to Loop 101 (Agua Fria Freeway), Interstate 17 (Black Canyon Freeway), State Route 51 (Piestewa Freeway), Loop 202 (Red Mountain Freeway), and Loop 303 (Bob Stump Memorial Parkway), providing easy access to Downtown Phoenix, Sky Harbor International Airport, Glendale, Goodyear, Tempe, Scottsdale, the southeast and southwest Valleys.

Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.

Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

Vestis Group completed the sale of MODE @ 20th Street, an 8-unit, single-story apartment community located at 4237 North 20th Street, in the Biltmore-area of East Phoenix for $1,096,280 or $137,035 per unit.

4237 N 20th St, Phoenix, AZ 85016 | 8-Units

(Phoenix – January 31, 2018) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 20th Street, an 8-unit, single-story apartment community located at 4237 North 20th Street, in the Biltmore-area of East Phoenix for $1,096,280 or $137,035 per unit.

“This transaction went smoothly as we have worked with this buyer previously,” says Natan Jacobs, Principal at Vestis Group and the lead broker for this transaction, “On the last transaction, the buyer flipped his offer from financing, to all-cash, in order to beat out other investors in a multiple offer situation.”

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell negotiated the transaction on behalf of the seller, MODE Apartments+Homes from Phoenix, Arizona. The buyer, a private investor from Los Altos, California, was represented by Victoria Miachika of Arizona Investment & Management LLC, in Scottsdale, Arizona. MODE Apartment Living LLC will continue to professionally manage the apartment community for the new owner.

20th Street Apartments is a modern rental community located in Phoenix’s Biltmore Area, east of the SR-51 Piestewa Freeway, west of 24th Street, just north of Indian School Road, along 20th Street, allowing easy access to The Shops at Town & Country, Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers. The property is a short distance from the Grand Canal, which many people utilize for recreation, including running and biking.

Vestis Group completed the sale of MODE @ 10th Street, a 10-unit, single-story apartment community located at 4140 North 10th Street, in Midtown Phoenix for $1,341,840 or $134,184 per unit.

4140 N 10th St, Phoenix, AZ 85014 | 10-Units

(Phoenix – January 31, 2018) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 10th Street, a 10-unit, single-story apartment community located at 4140 North 10th Street, in Midtown Phoenix for $1,341,840 or $134,184 per unit.

“This was our third transaction with this same buyer in the last few months,” says Natan Jacobs, Principal at Vestis Group and the lead broker for this transaction, “the buyer also closed on 8-units in the Biltmore-area of Phoenix, today, and another 7-units in the Arcadia-area, back in October.”

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell negotiated the transaction on behalf of the seller, MODE Apartments+Homes from Phoenix, Arizona. The buyer, a private investor from Los Altos, California, was represented by Victoria Miachika of Arizona Investment & Management LLC, in Scottsdale, Arizona. MODE Apartment Living LLC will continue to professionally manage the apartment community for the new owner.

MODE @ 10th Street, aka 10th Street Apartments, is a boutique, 10-unit, single story, apartment community located in Midtown Phoenix, near the Valley Metro Light Rail and Phoenix Art Museum.

10th Street Apartments is a modern rental community located in Midtown Phoenix, approximately one mile west of Arizona State Route 51 (Piestewa Freeway) and approximately three miles north of Interstate 10, north of Indian School Road, and east of 7th Street, allowing easy access to Downtown Phoenix, the Central Office Corridor, Camelback Corridor and Phoenix Sky Harbor International Airport. The property is a short distance from the Grand Canal, which many people utilize for recreation, including running and biking.

Vestis Group completed the sale of MODE @ 10th Street, a 10-unit, single-story apartment community located at 4140 North 10th Street, in Midtown Phoenix for $1,341,840 or $134,184 per unit.

(Phoenix – January 31, 2018) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 10th Street, a 10-unit, single-story apartment community located at 4140 North 10th Street, in Midtown Phoenix for $1,341,840 or $134,184 per unit.

“This was our third transaction with this same buyer in the last few months,” says Natan Jacobs, Principal at Vestis Group and the lead broker for this transaction, “the buyer also closed on 8-units in the Biltmore-area of Phoenix, today, and another 7-units in the Arcadia-area, back in October.”

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell negotiated the transaction on behalf of the seller, MODE Apartments+Homes from Phoenix, Arizona. The buyer, a private investor from Los Altos, California, was represented by Victoria Miachika of Arizona Investment & Management LLC, in Scottsdale, Arizona. MODE Apartment Living LLC will continue to professionally manage the apartment community for the new owner.

10th Street Apartments is a modern rental community located in Midtown Phoenix, approximately one mile west of Arizona State Route 51 (Piestewa Freeway) and approximately three miles north of Interstate 10, north of Indian School Road, and east of 7th Street, allowing easy access to Downtown Phoenix, the Central Office Corridor, Camelback Corridor and Phoenix Sky Harbor International Airport. The property is a short distance from the Grand Canal, which many people utilize for recreation, including running and biking.

Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.

Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

Vestis Group completed the sale of MODE @ 20th Street, an 8-unit, single-story apartment community located at 4237 North 20th Street, in the Biltmore-area of East Phoenix for $1,096,280 or $137,035 per unit.

(Phoenix – January 31, 2018) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 20th Street, an 8-unit, single-story apartment community located at 4237 North 20th Street, in the Biltmore-area of East Phoenix for $1,096,280 or $137,035 per unit.

“This transaction went smoothly as we have worked with this buyer previously,” says Natan Jacobs, Principal at Vestis Group and the lead broker for this transaction, “On the last transaction, the buyer flipped his offer from financing, to all-cash, in order to beat out other investors in a multiple offer situation.”

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell negotiated the transaction on behalf of the seller, MODE Apartments+Homes from Phoenix, Arizona. The buyer, a private investor from Los Altos, California, was represented by Victoria Miachika of Arizona Investment & Management LLC, in Scottsdale, Arizona. MODE Apartment Living LLC will continue to professionally manage the apartment community for the new owner.

20th Street Apartments is a modern rental community located in Phoenix’s Biltmore Area, east of the SR-51 Piestewa Freeway, west of 24th Street, just north of Indian School Road, along 20th Street, allowing easy access to The Shops at Town & Country, Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers. The property is a short distance from the Grand Canal, which many people utilize for recreation, including running and biking.

Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.

Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

VESTIS GROUP COMPLETES SALE OF CENTRAL PHOENIX MULTIFAMILY LAND

Vestis Group completed the sale of of 0.74 acres of R-3 zoned Phoenix multifamily land, located near the Camelback Corridor, Downtown-Midtown-Uptown urban core, North Central and Arcadia neighborhoods, in the Biltmore-area of central Phoenix, Arizona for $550,000 / $17.18 per square foot.

(Phoenix – December 21, 2017) – Vestis Group, a multifamily brokerage, investment and development firm, is pleased to announce the completed sale of 0.74 acres of R-3 zoned Phoenix multifamily land, located near the Camelback Corridor, Downtown-Midtown-Uptown urban core, North Central and Arcadia neighborhoods, in the Biltmore-area of central Phoenix, Arizona for $550,000 / $17.18 per square foot.

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell worked in conjunction with Rebecca Moffitt of Realty Executives, who negotiated the transaction on behalf of the buyer, MODE Apartments + Homes of Phoenix and the seller, Jeffrey and Christine Shipley of Phoenix, Arizona.

1247 Biltmore, aka MODE @ Colter, totals 0.74 acres and is located northeast of 12th Street and Camelback Road at 1247 East Colter Street. The site is 0.6 miles west of the 51 Freeway and approximately 7.3 miles northwest of Phoenix Sky Harbor Airport. 1247 Biltmore is slated for contemporary designed urban residences with state-of-the art construction features and modern amenities. Nine single-family homes are envisioned for the project. 1247 Biltmore will offer floorplans similar to 4222 Biltmore and 3898 Biltmore.

“This is MODE’s third land acquisition in Central Phoenix which we are very excited about,” says Chad Barber, Investment Advisor at Vestis Group and the lead broker for this transaction, “This acquisition is extra special for myself, as I grew up in this neighborhood and went to middle school right down the street. I can’t wait to see the final product and the overall improvement of the neighborhood.”

Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.

Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

HIGHLIGHTS

Located At The Most Powerful Retail Intersection In Apache Junction, AZ

Across From Wal-Mart Supercenter With Major Tenants: Starbucks, McDonald’s, Arby’s, AutoZone, & Jack In The Box

Densely Populated Area Within Apache Junction With Over 135,000 People In A 5-Mile Radius

More Than 30,000 Cars Per Day Go Through The Intersection Daily

Retail Vacancies At The Intersection Are Minimal

PROPERTY INFO

Apache Trail Marketplace is located within the main retail hub of Apache Junction, Arizona. The subject property is tenanted and positioned to serve the demographic profile of Apache Junction well. The subject trade area consists of a median age of +/- 46, with average household income of +/- $55,000.

Apache Trail Marketplace is a healthcare-anchored, neighborhood shopping center, located at the most powerful retail intersection in Apache Junction, Arizona, across from a Wal-Mart Supercenter with major tenants: Starbucks, McDonald’s, Arby’s, AutoZone, Aaron’s and Jack In The Box. The shopping center offers great visibility and ingress/egress inside a densely populated area within Apache Junction with over 135,000 people in a 5-mile radius. More than 30,000 cars per day pass through the intersection daily. Retail vacancies at the intersection are minimal.

Built in 2007, Apache Trail Marketplace was renovated and upgraded in 2017. Apache Trail Marketplace, anchored by Arizona Dermatology, combines a great mix of healthcare, local and national retailers and restaurants. Disclosure: Owner/Agent.

Camelback 19 At Midtown is a neighborhood retail shopping center located in Midtown Phoenix, less than 1 miles east of Interstate 17 (I-17) and approximately 3.3 miles north of Interstate 10, at the southwest corner of Camelback Road and 19th Avenue, allowing easy access to Downtown Phoenix, the Central Office Corridor, Camelback Corridor and Phoenix Sky Harbor International Airport and numerous employers.

Built in 1956, Camelback 19 offers high visibility street frontage retail space with monument signage available. The neighborhood retail shopping center, anchored by Dollar General, has 80 surface spaces available for parking. Camelback19 combines a great mix of local and national retailers and tenants.

PROPERTY INFO

19 Campbell is a single story, retail, neighborhood shopping center located in Phoenix’s downtown-midtown-uptown urban core, near Grand Canyon University (over 21,100 students, faculty & staff), Valley Metro Light Rail (49,416 daily ridership – Valley Metro, 2016), Valley Metro Park & Ride and Abrazo Central Campus (over 1,432 employees, affiliated physicians and volunteers). The property is situated in a commercial area, less than one mile east of Interstate 17 (I-17), south of Camelback Road, north of Indian School Road, just north of the northwest corner of Campbell Avenue and 19th Avenue, both major thoroughfares in Central Phoenix, with traffic counts of 20,254 vehicles per day (CoStar, 2016).

19 Campbell At Midtown is a neighborhood retail shopping center located in Midtown Phoenix, less than 1 miles east of Interstate 17 (I-17) and approximately 2.8 miles north of Interstate 10, just north of the northwest corner of Campbell Avenue and 19th Avenue, allowing easy access to Downtown Phoenix, the Central Office Corridor, Camelback Corridor and Phoenix Sky Harbor International Airport and numerous employers.

Built in 1974 and 1989, 19 Campbell offers high visibility street frontage retail space with monument signage available. The neighborhood retail shopping center is currently 90% Leased and has 28 surface spaces available for parking. 19 Campbell combines a great mix of local and regional retailers and tenants.

INVESTMENT DRIVERS

SINGLE-STORY APARTMENT LIVING IN HISTORIC AVONDALE

Hill Apartments is a 14-unit garden-style apartment home community located in the Historic Avondale Art’s District in Avondale, Arizona. Built in 1980, and refreshed in 2017, Hill Apartments is a rare single-story multifamily community located in Downtown Avondale near shopping, culture, restaurants and transportation, featuring eight (8) two-bedroom and one-bathroom apartment homes of approximately 820 square feet and six (6) three-bedroom and one-bathroom apartment homes of approximately 962 square feet. Each of the 14 apartment homes includes a private rear patio. Hill Apartments is located near shopping, dining and entertainment in the Historic Avondale Art’s District and just minutes from all major West Valley transportation corridors of I-10, Loop 101 and the newly opened Loop 303.

DOWNTOWN AVONDALE LOCATION INSIDE HISTORIC AVONDALE’S ART’S DISTRICT

Hill Apartments enjoys a downtown Avondale location inside the Historic Avondale Art’s District, within close proximity to cultural venues, restaurants, art galleries and city parks. The property is situated south of Van Buren Street and north of Western Avenue, east of Litchfield Road and west of Central Avenue, along Hill Drive, approximately 4.5 miles from the Interstate 10 (Papago Freeway), which connects to Loop 101 (Agua Fria Freeway), Interstate 17 (Black Canyon Freeway), State Route 51 (Piestewa Freeway), Loop 202 (Red Mountain Freeway), and Loop 303 (Bob Stump Memorial Parkway), providing easy access to Downtown Phoenix, Sky Harbor International Airport, Glendale, Goodyear, Tempe, Scottsdale, the southeast and southwest Valleys.

MAP & DIRECTIONS

]]>http://vestis-group.com/hill-apartments-14-units-historic-avondale-multifamily-sale/feed/2Vestis Group Completes Sale Of Arcadia-Area Apartments In Phoenixhttp://vestis-group.com/vestis-group-completes-sale-arcadia-area-apartments-phoenix/
Wed, 01 Nov 2017 18:30:02 +0000http://vestis-group.com/?p=15336Vestis Group Completes Sale Of Arcadia-Area Apartments In Phoenix | CEM By Emily Gaudet | Commercial Executive Magazine Vestis Group completed the sale of Arcadia Flats Apartments, a 7-unit, single-story apartment community located at 3629 North 37th Street, in the Arcadia-area of East Phoenix for $920,000 or $131,429 per unit. Vestis Group, a multifamily brokerage […]

Vestis Group completed the sale of Arcadia Flats Apartments, a 7-unit, single-story apartment community located at 3629 North 37th Street, in the Arcadia-area of East Phoenix for $920,000 or $131,429 per unit.

Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of Arcadia Flats Apartments, a 7-unit, single-story apartment community located at 3629 North 37th Street, in the Arcadia-area of East Phoenix for $920,000 or $131,429 per unit.

“We received multiple offers on this recently renovated multifamily asset,” says Natan Jacobs, Principal at Vestis Group and the lead broker for this transaction, “To sweeten the deal, this buyer flipped his offer, from financing, to all-cash and we got the deal done.”

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell negotiated the transaction on behalf of the seller, a private investor from Phoenix, Arizona. The buyer, a private investor from Los Altos, California, was represented by Victoria Miachika of Arizona Investment & Management LLC, in Scottsdale, Arizona.

Arcadia Flats @ 37th Street offers style and convenience while raising the bar for urban apartment living in central Phoenix. Developed in 1955 and 1962, the subject property was fully renovated in 2017, using high-end finishes and updating with modern contemporary design. The unit mix is comprised of seven (7) 1-bedroom / 1-bathroom units of approximately 527 square feet.

The revamped exterior features a manicured courtyard with pet friendly accommodations. All units have private rear patios and covered parking. The subject property also has great access to the Valley freeway system, the Biltmore, Camelback Corridor and Downtown Phoenix.